Entries tagged "sales"
AIG CEO Benmosche has put on his poker face and is putting a halt on sales of assets that aren't bringing in the expected bidding prices.
The Commerce Department reported U.S. retail sales jumped 1% in January due to an uptick in after-holiday season sales.
It looks like American International Group Inc. will be selling more assets off soon so that it can start paying off its $150 billion government bailout. AIG made its first asset sale Dec. 1, 2008, agreeing to sell a Swiss private bank to Aabar Investments PJSC for Sfr407 million ($336 million). AIG also sold its interest in natural gas marketer Tenaska Marketing Ventures, Tenaska Gas Storage and Tenaska Marketing Canada to Tenaska Inc. for an undisclosed amount in a sale expected to close on Jan. 2. Looking ahead, the next asset sales to be announced could be any of the...
